Wednesday, May 12, 2010

Selling And Buying Patents Online

There are many great products out there, and even the ones that appear on the midnight infomercials can be huge successes. Those who hold the patent on the product will ultimately cash in on a lot of money, so if you are interested in finding an easy way to make money, you can buy patents or sell a patent online. There are many resources where you can check out online patent auctions and other buy and sell resources so you can start making money with your investment.

There are more than just dreams of money when you want to buy patents. You will also need to buy patents whenever you find a product that you like, but have some great ideas to improve it. Otherwise, you could be looking at legal action from the owner of the patent who feels you are violating laws that prevent you from trying to resell a nearly-same product on that patent.

When you buy and sell patents online, you will want to work with a registered patent attorney. Most online auction sites for patents will have attorneys available so that the switch happens entirely legally. And if you are looking for complete anonymity on either side of the sale, an attorney is a vital part of this transaction to keep the identity of the buying partner from the patent holder. This helps when large corporations are taking on individual patent holders. The attorney can negotiate the best deal for both parties without having the disadvantage of trying to negotiate the worth of the intellectual property with a large company that will be perceived to get a lot of money from owning the patent. At the moment, a database for selling patents is not available online, so to find out what patents are for sale and how you can acquire them, you will want to get the help of a patent law attorney.

And if you are an inventor who is sitting on a great patent, but wants to sell it, you will want to hire a patent broker who can find the right buyer for it. This is especially important if you are afraid that you will have an expired patent on your hands without seeing a profit. Large companies can quickly turn a patent into a gold mine, and if they recognize your product as something really valuable, they will be able to strike a deal with you and your broker to give you the amount of money you deserve for your intellectual property while acquiring what they need to make money from the invention. The only problem is that many patent holders are looking to sell their patents at less than $1000 wholesale. But if the idea is recognized as really valuable, your broker will be able to help you get a deal with the participating company for anywhere up to a million dollars if the patent is deemed worthy enough. So check out buying and selling patents online.